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Sterling Corporate Bond
Bond Monthly Income
Managed by Liontrust Investment Partners LLPPart of Santander Multi-Manager OEIC
Latest factsheet
Jul 2026
Fund size
£380.3m
Yearly charge
0.27%
Manager fee
0.20%
Income yield
–
Holdings
69
Launched
14 Jun 2010
The aim of the Fund is to produce monthly income payments together with capital growth using the Sustainable Future investment process and investing at least 80% of the portfolio in investment grade corporate bonds that are sterling denominated or hedged back to sterling. The Fund targets a net total return of at least the IBOXX GBP Corporate All Maturities Index over the long term (rolling 5-year periods).
Kenny Watson (Fund Manager) · Aitken Ross (Fund Manager) · Jack Willis (Fund Manager)
Cumulative performance
| Period | Fund | Sector average | Benchmark | vs sector |
|---|---|---|---|---|
| 1M | +1.60% | +1.40% | +1.30% | Upper half |
| 3M | -0.90% | -0.40% | -0.60% | Bottom 25% |
| 6M | -0.50% | -0.10% | -0.30% | Bottom 25% |
| YTD | -1.60% | -1.20% | -1.20% | Bottom 25% |
| 1Y | +2.80% | +2.90% | +2.90% | Bottom 25% |
| 3Y | +21.00% | +18.40% | +18.30% | Top 25% |
| 5Y | +2.10% | -0.80% | -4.10% | Upper half |
| Since launch | +91.20% | +73.10% | +88.70% | – |
Calendar-year performance
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| +9.80% | +8.30% | -2.80% | +9.80% | +5.80% | -0.50% | -16.00% | +12.90% | +1.30% | +8.10% |
Top holdings
| # | Holding | Weight | |
|---|---|---|---|
| 1 | United Kingdom Gilt 4.375% 31-JUL-2054 | 3.40% | |
| 2 | Banco Santander SA 5.5% 28-APR-2033 | 2.60% | |
| 3 | NatWest Group PLC 7.416% 06-JUN-2033 | 2.30% | |
| 4 | DWR Cymru Financing UK PLC 6.25% 08-SEP-2037 | 2.20% | |
| 5 | BPCE SA 5.25% 31-JUL-2032 | 2.20% | |
| 6 | Investec PLC 4% 21-OCT-2032 | 2.10% | |
| 7 | Anglian Water Osprey Financing PLC 6.75% 27-AUG-2031 | 2.10% | |
| 8 | HSBC Holdings PLC 8.201% 16-NOV-2034 | 2.10% | |
| 9 | CaixaBank SA 6.875% 25-OCT-2033 | 2.10% | |
| 10 | Credit Agricole SA 5.375% 20-DEC-2037 | 2.00% | |
| 11 | Nationwide Building Society 5.167% 12-DEC-2033 | 2.00% |
Portfolio breakdown
Sector
| Core Financials | 41.00% | |
| Utilities | 18.70% | |
| Telecommunications | 7.20% | |
| Housing Associations | 5.70% | |
| Other | 5.40% | |
| Real Estate | 5.40% | |
| Industrials | 5.10% | |
| Financial Services | 4.30% | |
| Gilts | 3.40% | |
| Technology | 2.60% |
Geography
| United Kingdom | 59.70% | |
| United States | 7.90% | |
| France | 7.30% | |
| Netherlands | 6.60% | |
| Other | 5.10% | |
| Spain | 4.70% | |
| Luxembourg | 3.20% | |
| Denmark | 2.50% | |
| Belgium | 1.80% | |
| Cash & Derivatives | 1.20% |
Share classes
| Class | ISIN | SEDOL | Type | Hedged | Manager fee | Yearly charge | Minimum |
|---|---|---|---|---|---|---|---|
| B Gr Acc GBP | GB00B3Y38F63 | B3Y38F6 | acc | – | 0.50% | 0.57% | £1k |
| B Gr Inc GBP | GB00B44MQ015 | B44MQ01 | inc | – | 0.50% | 0.57% | £1k |
| P Gr Acc GBP | GB00B3RPTP62 | B3RPTP6 | acc | – | 0.20% | 0.27% | £1k |
| P Gr Inc GBP | GB00B3W7G901 | B3W7G90 | inc | – | 0.20% | 0.27% | £1k |
Source factsheets
| Month | Published by the manager | Read on |
|---|---|---|
| Jul 2026 | View original factsheet ↗ | 21 Aug 2026 |